Latest Market News

Oct 18
Dow opens 600 points higher as stocks rise for second day on strong corporate earnings

U.S. stocks rose sharply at the open on Tuesday, looking to add to their gains from Monday’s session, which saw the Nasdaq Composite log its biggest percentage-point gain since July. Investors attributed the strong appetite for risk to more strong corporate earnings reports. The S&P 500 SPX advanced 81 points, or 2.2%, to 3,759. The […]

Oct 18
S&P 500 Wave Analysis – 18 October, 2022

• S&P 500 reversed from key support level 3570.00 • Likely to rise to resistance level 3800.00 S&P 500 index recently reversed up with the daily Bullish Engulfing from the key support level 3570.00 (which stopped the price at the start of October) standing near the lower daily Bollinger Band. The upward reversal from the […]

Oct 18
AUDJPY Wave Analysis – 18 October, 2022

• AUDJPY reversed from key support level 91.00 • Likely to rise to resistance level 94.70 AUDJPY currency pair recently reversed up with the daily hammer from the key support level 91.00 (which has been reversing the price from the middle of May) standing near the lower daily Bollinger Band, support trendline of the daily […]

Oct 18
Carnival Corp. announces offering of $1.25 billion of high-yield bonds due 2028

Carnival Corp. & plc CCL, +1.96% said Tuesday that its Carnival Holdings (Bermuda) Ltd. has commenced an offering of $1.25 billion of senior priority high-yield bonds that mature in 2028. Proceeds will be used to make principal payments on debt and for general corporate purposes. As part of the deal, the company and subsidiaries will […]

Oct 18
All 30 Dow stocks rally, led by Goldman and Salesforce stocks

The Dow Jones Industrial Average DJIA, +1.86% is headed for another big rally, with all 30 components trading higher in the premarket. The biggest gainers ahead of the open were shares of Goldman Sachs Group Inc. GS, +2.24%, which climbed 2.9% after reported better-than-expected third-quarter results, and of Salesforce Inc. CRM, +3.49%, which also rallied […]

Oct 18
Lockheed Martin tops Q3 profit estimates, adds $14 billion to share buyback authorization

Government defense contractor Lockheed Martin Corp. LMT, +2.03% posted net income of $1.778 billion, or $6.71 a share, for the third quarter, up from $614 million, or $2.21 a share, in the year-earlier period. Sales rose to $16.583 billion from $16.028 billion a year ago. The FactSet consensus was for EPS of $6.57 and sales […]